Topic: Do you have Same problem or you know someone who got same problem?To spend money (Read 761 times)

Very often people associate a life of extreme luxury with being rich, and while that can be the case, the most important thing about being rich is your ability to afford the very best and improve your life that way.

After all, someone that is rich can afford to buy the very best food, medicines, medical service and other important stuff, assuring that not only they will live longer than the average person, but that they will also have a better overall health as well.

Ability will lead someone to achieve anything and why people say skill is important because that is how we can achieve success.
A person's ability is indeed different and with knowledge people can increase their ability to achieve whatever they want.
Different views and mindsets between each other and it is based on the mindset that is instilled so that the direction of someone to achieve success is different.

Back to the individual in seeing the problem and how they solve it all with suitability.
Why do I say this because sometimes we do not realize that spending money inappropriately can cause problems.
On the contrary, rich people spend money according to their ability to produce, money will not be productive in the wrong hands and there will be no stable returns.

That is different and maybe the discussion we are discussing is not related to this, I see someone with a different view.
For example, we have an income of $ 1000 per week, then how can the money be maximized, either for daily shopping, investment or savings.
This is the system that needs to be built so that people can spend money according to their needs, not to fulfill their lifestyle in an uncontrolled way.
Why rich people get richer because they have a plan for every money they have and they understand much better how to multiply money compared to spending on unnecessary needs.

When we say rich, those people have definitely secure an access to luxury in life, and I think they have all the right to that because they are only spending their own money and not begging for other people, so obviously it should never be other people's issue.

Now, what we should do is to focus on how will we get rich and when will that happen, rather than making an issue on how those wealthy people spend their money.

What wealthy people do with their money is rarely my issue, I barely survive and there is a saying "when it rains it pours" which is true in my case, I said this month was the last month that we had any financial issues, turned out not so much and still in trouble a lot longer. In the end, if a wealthy person doesn't know how to spend their money, then that is on them and I do not think that we are dealing with anything that makes any sense for me at all.

I think the reliable thing would be focusing on your own life, do not "get ready when you are rich" because considering the situation very few people will go from normal to very rich, get ready for a normal life and just make sure that you do not miss life.

Both save, but also live, do that together and you will be fine, too many people dream of becoming rich, so much so that OP literally asks how to avoid these luxury stuff when we get rich when we are not even rich yet, that makes absolutely no sense. You know what I want to be able to have when I get rich? A full coverage health insurance, meaning that I can be ANY sickness ever, and go to hospital, do not pay a single dollar and leave, I want that insurance, that's my luxury.

I think ability is not the right word to use but maybe capabilities, and knowledge or understanding. They are still close with each other and you are right even if we can't exactly feel what others are feeling because maybe our knowledge or capability is more than what they currently have or it can be higher than on what we have, though I think there are some exceptions or some people like for example poor but has a wider view in things in this world.

This is good and they have a big chance to change their life if they will team that thinking with a proper action. As you can see, I didn't mentioned money there but that's already understandable. There's also rich people who doesn't think or see things really well, so we can also say that it doesn't really depend on how one spends their money.

Each has their own choices in life and as long as it is not wrong or they don't use the money on illegal drugs, alcoholic drinks, gambling, hoes, and the likes.. we can let them. For them it's only a way of rewarding their selves for all the hardwork that they have done only to earn money. For those who are the opposite, they have their own reasons as well.

Everyone will be different in this regard, there are people who remain the same in their standard of living even though they already have a lot of money, but there are also people who want to feel more in their lives so they will adjust their lifestyle to the finances they already have.
Actually, all of that is okay and can still be done if they are still in control of their finances.
And I think this is also okay, as long as he is able to handle and be responsible for all his desires.
And the matter of going bankrupt because of fulfilling all desires or luxuries is a risk, and not everyone will be like that.

A lot of people think they have financial intelligence when they are broke but when they have some money they tend to deviate from what they know, why does this happen?? It's because money amplifies your character and desires, I know someone who used to be broke and through out that phase he talked about business ideas he had but when he made his first millions he forgot about everything and got completely carried away by the luxurious lifestyle till he lavished everything he had..how can someone with 10 million naira try to live the lifestyle of someone that has 10 billion naira, it's crazy but this is what a lot of people do, they start living a luxurious lifestyle they aren't capable of keeping up with for even 2 years... if you can't buy anything  twice or comfortably you can't afford it

But if you don't have funds to purchase those expensive luxury and other things, you don't need to come close to such lifestyle in your community, because it will lead you to premature death which I have seen many people who what to live such lifestyle, but they didn't end well in the community based on they don't have the funds. Some of the people that is using all those expensive luxury, they have different sources of income that is helping them to maintain all those expensive luxury things which is the reason you see them living a good life without a single fear of their lifestyle they chose to live. Don't forget that some leaders, investors, politicians use all those expensive luxury, influencer, high class of wealth to get richer, because I have encounter with some wealthy people to caution them about such expensive lifestyle but they made me to understand that such lifestyle is part of their source of income.

It's different because the human perspective sees things based on their own abilities, especially regarding how they spend money.
I know some friends and if you look at their ability to make money, it can be said to be quite standard, but they choose a slightly more luxurious lifestyle and often spend money on things that have high prices.
When asked they answer about satisfaction and the goods they buy because they really like them. When this is related to other people who live much simpler lives, they actually answer buying things based on needs that are in accordance with their use.

When they are rich, buying luxury items is something we often see and it may be true that they live in luxury.
But if there are people who insist on buying luxury items with a standard salary, it is questionable and it may not be time for them to spend money on luxury items like this.

I have to agree. People who improved their social status end up also upgrading their lifestyle, and that’s normal for us. But what isn’t normal is that you focus more on expensive material things that don’t give you profits, but they are only good to show your luxury life, hence it will never do good for you in the long run. No matter how rich or wealthy you are, the fact that you don’t know how to limit your expenses and manage your finances, and last thing you don’t know how to invest and make more money, you will definitely get doomed and end up broken. That’s already certain for those type of people who focus more on luxuries even if it means losing opportunities to invest and make more money.

Luxury brands cannot be stopped and that is the only thing that is making the so called rich people feel entitled and want to differentiate themselves from those that have not up to them. You don’t have to blame them that much if you’re not in their shoes yet. It’s like a spirit that manifest in you once you have the money to spend on these luxuries. Only few individuals are so rich that they’ve control over their money and not carried away by luxuries which of course is a measure today to make you feel different from others. The fashion industry cannot be tempered with anymore and that’s what will make the rich always feel bigger than the average that are not up to them. Luxury will never cease to exist as long as they are in for people that will always patronize them to make them feel above others.

Your ending part got my attention and I must say you’ve said it all and one thing a lot of people don’t understand is the fact that, the people you’re trying to impress or prove a point to, might not be paying attention to those things you’re trying to show to them, so why then waste our time on irrelevant things?(just think out loud).

Luxury is over hyped and misinterpreted by a lot of persons and this is because this generation is moved by threads and no one wants to be left out hence they’re willing to do anything to catch up with a happening thread.

I agree with you that people should learn to leave below their means and do more of investments rather than spending time trying to impress people that will never be impressed.

Luxury isn't a big deal for me, I prefer to be able to afford whatever I want as many times possible than to be able to only to be able to afford a luxury item ones. Luxury are for the celebrities to show off and not for the common man. I don't get spark (off) to spend, I love saving to Investment and that's all I do. When I make a profit, I'll spend the money on important things before thinking about my wants. People spend money to look rich but they're not impressing anyone because those they spend to impress aren't bothered by those things. You don't see the ultra wealthy people spending to impress anyone but they spend to save time


Getting introduced to wealth newly can be difficult to control because you'll want to always show off at every given opportunity but that's not a way to live. Luxury are just overpriced normal items so why don't you buy the normal items and have leftover money to invest and grow your wealth more. Money runs aways from people who don't know how to manage it to those that can manage it very well. It is always good to live below your means and surprise people that doubts the lifestyle that you can afford.

There is nothing wrong with pampering yourself by buying luxury goods, we can do that once in a while as a form of appreciation to ourselves for the hard work we have done so far. But don't make it a top priority because there are other important things that we can still do than just doing what we want. If life only follows what we want, then we will not be able to control our life path because we are too busy for satisfaction which in my opinion is only for a moment.

However, if we have the soul of a businessman who can see good opportunities for these luxury goods, then we can make it a form of self-satisfaction, besides that we can do business in it. We know that some luxury goods will become goods that will skyrocket in price in the future because they are only issued in limited quantities, for example. Well, there we have to be able to see the gap so that we can take advantage of things that are considered wasteful.

Everyone certainly has different problems in terms of financial management and this also greatly affects their own needs and lifestyle, but when someone can control their desires and the income they earn can meet the needs of their dependents, of course this will make them have good financial management, because some people who have large incomes still have financial problems if they cannot control their desires so that they continue to spend their income uncontrollably and also what they buy is not necessarily what they need, of course this will cause them to experience financial problems.

It is true that the more income we can get, the greater the expenses will be, but in this case we must also be able to manage it well and not use the income we get for things we don't need, but it would be better if we could invest some of the income we have.

With a small income, of course we must be able to manage it well in order to meet all the needs needed, because with a small income, of course there are many things we have to think about before deciding to spend it.

I do not really see the problem, someone that has acquired wealth through this market and wants to spend some of it will find themselves not being used to do so, that is logical as they did not had that wealth before, but soon enough they will get accustomed to it, like it is the case of any activity that we repeat often.

However just because you are rich this does not imply that you need to buy luxury items, you can keep living your normal life, with the only difference you will know that whatever comes your way can be easily solved thanks to the wealth that you have at your disposal.

indeed managing finances is influenced by our own lifestyle, and everyone is different, even though know about how we behave towards money, our success in managing finances does not only depend on desire but emotional factors and self-control, especially when dealing with finances, which are the determinants, how much income we generate, even though people work in the same business field as us, but in terms of spending the amount of money is difficult to determine depending on the needs of each individual, and a person's socio-economic situation also plays an important role, in terms of spending it, the greater our income, the greater the expenses and vice versa, the smaller our income, the expenses are regulated as economically as possible.

In all honestly, buying luxury and all those expensive things do not really matter as long as you have all the funds to afford it, but the issue is how would you maintain and improve your wealth if you are too engrossed with luxury in life, and tend to forget maximizing the source of investments instead in order to produce maximum profits. Even if you have become filthy rich, if your mindset is like that, you will never be able to sustain your wealth in life in the future.

If you are used in living a luxurious lifestyle, it’s obvious that you will spend more on your luxury things over your basic needs. And that’s okay if you have the fine resources to afford it. But if you are just starting to be rich and would want to spend on luxury without reliable source of funds, then think a hundred times. Just one step at a time. Focus on diversifying your investments first so you can have multiple sources of profits and when you’ve achieved that, you can have all the luxury you want as long as you are only spending your extra money.

That's definitely an issue, when you start to make a lot of money, you end up spending a lot. When you are poor, you dream of becoming rich one day and do many things, and your dream isn't just to "have" that money, it's mostly about what you would do with that money. So when you finally become rich, you just want to make all of those into reality.

I had that before, I had a lot of medical problems that needed to be taken care of, but because I was poor, I couldn't do any of them at all, but after I started my current job, while it wasn't a huge amount per month, it's still huge amount compared to what I used to make and I could get a loan and pay that. Even something as small as 100-150 dollars per month, over course of 3-5 years, becomes huge, and that's what I got and took care of my health issues. I could have been a guy who wanted a new car or something too, that's not a bad idea for people who want that, I do wish I had a car too, but that's fine, I took care of something more important.

All in all I have to say that becoming rich overnight or very quickly, causes you to make all of your dreams come true, and not doing that just to keep that money is not something a lot of people can do.